The Newest: UK lawmakers start voting on 4 Brexit options

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The Newest on Britain’s exit from the European Union (all times local):

8 p.m.

British lawmakers have started voting to the government Brexit deal.

Legislators have an hour to vote before ballots are collected and counted. Results are expected to 2100 GMT (5 pm EDT).

The choices include remaining with the EU and holding a fresh referendum.


5:20 p.m.

British lawmakers are currently considering four choices to Prime Minister Theresa May’s rejected Brexit deal, in hopes of finding a plan that can command majority support.

Two suggestions that aim to retain financial ties between Britain and the European Union are for votes night in Parliament included by the options. An individual would keep the U.K. at a customs union for products with the EU later Brexit, while another calls for Britain to remain in the bloc’s single market for both goods and services.

Another alternative needs any Brexit agreement to be submitted to a referendum, and the fourth claims Britain must cancel its death if it comes of crashing out of the bloc without an agreement within two days.

House of Commons Speaker John Bercow chose the options from eight thoughts filed.


2:55 p.m.

A top credit ratings agency has resisted the array of problems it foresees if the country crashes out of the European Union without an exit deal Britain falling.

Standard & Poor’s said in an upgrade Monday a twisted Brexit would”adversely affect income levels and growth prospects, as well as government finances.”

S&P additionally has been warning that Britain’s withdrawal may”significantly limit” access into key European economies. The ratings agency says if that occurs, it would expect”downward pressure” on home prices, a significant increase in the country’s debt and a further drop in the value of the pound.

S&P has stated it could be led by such a scenario to downgrade Britain’s AA credit score.

U.K. lawmakers are voting later Monday on alternatives to the European Union withdrawal bargain proposed by Prime Minister Theresa May. The deal three occasions of May has been hunted down by parliament.

Britain was given by the EU until April 12 to come up with a strategy or to depart the bloc.

It is uncertain if any option that might win approval in the House of Commons would be accepted by May.


1:25 p.m.

Parliament is set to vote Monday on choices to the Union withdrawal deal.

Siemens U.K. CEO Juergen Maier urged lawmakers in an open letter to go for an option that keeps Britain at a customs union with the EU. He said that choice would enable frictionless trade to continue between the U.K. and the EU, something many firms have started to rely upon.

Maier also composed that Britain’s political paralysis has been”making it hard to win support for finely balanced investment decisions which in the end have an impact on U.K. jobs, innovation and the legitimacy of their actions here.”

May’s spokesman, James Slack, says the prime minister understands that”company wants certainty” He said lawmakers should support the Brexit deal, and also the House of Commons has three times of May.


1 p.m.

The head of the European Union’s executive order is stressing that Britain might have to take part in the European Parliament elections of May whether it remains an EU member beyond April 12.

Britain must leave the EU on April 12 or come up with an alternate plan, which is very likely to involve delaying its withdrawal from the bloc.

Some British politicians have suggested the U.K. will remain for more without participating in the EU elections. However, European Commission leader Jean-Claude Juncker told reporters in Saarbruecken, Germany that”when the British have not left by April 12 and there’s an extension, then Britain must participate in the European elections .”

He added”that is (in) the treaty. Whether I want that is another question.”


12:35 p.m.

European Commission chief Jean-Claude Juncker says it is time to get the British Parliament to spell out what it needs on Brexit — also states the mythical sphinx is simpler to decipher than U.K. lawmakers.

Juncker said in a speech Monday to the Saarland state legislature at Saarbruecken, Germany:”We know exactly what the British Parliament does not want, but we haven’t heard exactly what it needs. A sphinx is an open publication in direct comparison with the British Parliament.”

He added:”We have to find the sphinx to speak now. Enough of the very lengthy silence.”


11:40 a.m.

Discount airline easyJet has cautioned that the U.K.’s impending withdrawal from the European Union is very likely to harm earnings in the second half of its fiscal year as travellers hold back on reserving tickets amid the impasse over future connections.

EasyJet says its very first half loss of 275 million pounds ($360 million) was within expectations, but the outlook for the six months during September will be”more cautious” due to”softness in ticket yields in the U.K. and across Europe.”

Shares fell 8.3 percent in early London trading after the profit warning. Shares in different airlines and travel companies also fell, together with British Airways owner IAG down two percent and also travel group TUI down 2.5 percentage.

George Salmon, an analyst at Hargreaves Lansdown, says that with Brexit”potentially impacting travel regulations and currency markets, clients are waiting for much more certainty before booking trips away.”


10:30 a.m.

Evidence has emerged that British manufacturers are building their cushions against the possibility that the country crashes out of the European Union without a deal.

Financial information firm IHS Markit discovered that Brexit stockpiling has been giving a boost to production — at least temporarily.

According to the company, its purchasing managers index for the industry rose into a 13-month high in March to 55.1, up three points in the previous month. Anything over 50 indicates a growth in output.

Stockpiling has become increasingly prevalent over the last couple of months as Britain’s exit looms — since delayed to April 12 although initially scheduled for March 29.

Given the uncertainty, firms have stored up on those goods and about materials they want from everywhere in the EU.


8:45 a.m.

Prime Minister Theresa May disciplinarian says the government must have told people they would need to accept a milder type of exiting the European Union later her bulk was lost by May in the 2017 general election.

Makes the comments in a BBC documentary to be broadcast Monday.

Smith states May called the election in delivering Brexit to strengthen her hand, but has been weakened when she dropped her majority. He says that the authorities”must have just been clearer the results of this, the arithmetic, would mean that this would be necessarily a kind of milder kind of Brexit.”

The comments come after May’s EU withdrawal bargain was rejected by Parliament for a period.


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